Wednesday, February 26, 2014

News-Sentinel Reports Mid-America Foundation Offered Tax Credits for Investment in Berne

From the Fort Wayne News-Sentinel:

A Fort Wayne-based barge-maker will locate a facility in Berne, creating up to 26 jobs by 2015.
Mid-America Foundation Supply Inc., which manufactures barges under the name Poseidon Barge, said it will invest $6.05 million to purchase, renovate and equip a 72,180-square-foot facility on 22 acres on East Parr Road in Berne.

The facility, which will begin operations in May, will provide the company with the additional space it needs to fabricate, store, test and display its product line of portable sectional barges.

The Indiana Economic Development Corp. offered Mid-America Foundation Supply, Inc. up to $300,000 in conditional tax credits.

These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Berne will consider additional incentives at the request of the Adams County Economic Development Corporation.